Spirit AeroSystems price renegotiations with Airbus to conclude soon

Spirit AeroSystems expects long-term financial renegotiations with Airbus surrounding the losses in its A350 and A220 program to conclude by the end of the month. “We are working to not only improve these programs in our day-to-day operations, but also are engaged in discussions with Airbus to address the long-term financials,” said Spirit AeroSystems CEO and president Pat Shanahan. “The negotiations with Airbus continue and have been productive. We hope to conclude by February, but we need to ensure all items are addressed. We are converging on operational and financial solutions.” Spirit AeroSystems reported a net loss of $633 million